China launches futures exchange in Guangzhou

BEIJING -- A futures exchange was launched in China's southern city of Guangzhou on Monday, the country's top securities regulator said.

The futures exchange came amid the country's efforts to improve the multi-level capital market, the China Securities Regulatory Commission said on its website.

It will also serve the building of the Guangdong-Hong Kong-Macao Greater Bay Area as well as the Belt and Road, the commission said.

In the future, the exchange will better serve the real economy and boost green development, according to the commission.